Home Breaking News: Sterling rises to 1.3200 after the UK labor market report surprises on the upside

Breaking News: Sterling rises to 1.3200 after the UK labor market report surprises on the upside

Published date: 16 Oct. 2018 | 10:33

The UK unemployment rate remains at 4.0% in three months to August.
The UK regular pay rises 3.1% y/y exceeding the market expectations.
The UK claimant count rises 18.5K in September, missing the market etimates of 10.0K.
Sterling rises above 1.3200 after the UK labor market data.

Sterling rosel towards 1.3200 in a knee-jerk reaction to the UK labor market report saw better than expected wage growth data in September.

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